Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Pawn Shops vs Payday Loans in Glen Burnie, MD
2 pawn shops in and around Glen Burnie — 2.1 per 100,000 residents, compared with 2.0 across Maryland. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Glen Burnie ranks #13 of 18 Maryland cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 2.1
- Maryland: 2.0
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 95,678
Pawn shops in Glen Burnie: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| A & D Pawn Shop | 706 Crain Hwy N # 2 Glen Burnie, MD 21061 | (410) 766-7357 | — |
| Arundel Firearms & Pawn | 7427 Baltimore Annapolis Blvd Glen Burnie, MD 21061 | (410) 761-6381 | riohondorealty.com |
Pawn shops vs payday loan stores in Glen Burnie
Glen Burnie has 3 payday, installment and title loan stores but only 2 pawn shops.
Pawn shops
2
2.1 per 100k residents
Payday & loan stores
3
3.1 per 100k residents
3 store chains
Biggest loan store chains in Glen Burnie: Lendmark Financial Services (1), Mariner Finance (1), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in Maryland) | $75.00 fee every 2 weeks, renewed once | $150.00 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $100.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $31.67 |
- Payday cost, share of monthly household income in Glen Burnie
- 2.0%
- Pawn cost, share of monthly household income in Glen Burnie
- 1.3%
- A $400 emergency equals
- 1.6 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Maryland payday rules are not set in dollars or payday loans are not allowed). Pawn: an example rate of 20% a month; pawn fees and interest are set by Maryland law and vary by shop — ask for the total in writing. PAL: payday alternative loan from a federal credit union, capped at 28% APR plus an application fee of up to $20.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in MD | |
|---|---|---|
| What you need | An item of value (jewelry, gold, electronics, tools, firearms) and an ID | A bank account, proof of income and an ID |
| Credit check | None | Usually none |
| How much you get | A fraction of the item's resale value | Based on your income, up to the state limit |
| If you can't repay | The shop keeps the item; no collections and no credit damage | Fees pile up with renewals; the debt can go to collections |
| Bank account access | None | Lender can debit your account or cash your check |
| Rules in Maryland | Pawnbrokers are licensed and regulated by Maryland; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Maryland |
Glen Burnie at a glance
- Median household income
- $91,680
- Maryland: $108,948
- Poverty rate
- 8.9%
- Maryland: 9.5%
- Households under $25,000
- 11.5%
- Maryland: 11.0%
- A $400 emergency equals
- 1.6 days of income
Payday and installment loan stores in Glen Burnie
For comparison: storefront payday, installment and title lenders in Glen Burnie with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 6720 H Governor Ritchie Hwy Glen Burnie, MD 21061 | (410) 761-4800 | — | 4.1 |
| 7400 Ritchie Hwy B Glen Burnie, MD 21061 | (410) 761-1258 | — | 4.6 |
| 1000 Stewart Ave #201 Glen Burnie, MD 21061 | (410) 761-5120 | — | 4.1 |
Pawn shops near Glen Burnie
More about Glen Burnie
Pawn shop listings: © Overture Maps Foundation (CDLA-Permissive 2.0), including Foursquare OS Places and © OpenStreetMap contributors; filtered and de-duplicated by us. Population, income and poverty: U.S. Census Bureau, American Community Survey. Call ahead to confirm hours and what a shop buys or lends on.